Jackson Creek Investment Advisors LLC Decreases Position in Stride, Inc. (NYSE:LRN)

Jackson Creek Investment Advisors LLC lowered its stake in shares of Stride, Inc. (NYSE:LRN) by 32.1% during the fourth quarter, Holdings Channel reports. The fund owned 15,908 shares of the company’s stock after selling 7,514 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Stride were worth $944,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Stride by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,969,506 shares of the company’s stock worth $223,777,000 after purchasing an additional 28,661 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Stride by 148.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 27,731 shares of the company’s stock valued at $1,646,000 after acquiring an additional 16,579 shares in the last quarter. EWA LLC purchased a new position in Stride in the fourth quarter worth approximately $208,000. Envestnet Asset Management Inc. increased its position in shares of Stride by 89.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 118,047 shares of the company’s stock valued at $5,316,000 after purchasing an additional 55,641 shares during the last quarter. Finally, Weil Company Inc. raised its holdings in shares of Stride by 38.1% in the 3rd quarter. Weil Company Inc. now owns 48,315 shares of the company’s stock valued at $2,176,000 after purchasing an additional 13,324 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LRN has been the subject of a number of analyst reports. StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Wedbush reissued an “outperform” rating on shares of Stride in a research report on Wednesday, January 24th. Morgan Stanley upped their price target on Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. BMO Capital Markets raised their price objective on Stride from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Finally, Barrington Research reissued an “outperform” rating and issued a $75.00 target price on shares of Stride in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Stride currently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Stride Stock Performance

NYSE LRN traded down $1.22 during trading on Tuesday, reaching $66.75. The company’s stock had a trading volume of 631,380 shares, compared to its average volume of 780,330. The business’s fifty day moving average price is $60.87 and its 200-day moving average price is $58.83. Stride, Inc. has a twelve month low of $35.61 and a twelve month high of $69.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.21 and a current ratio of 4.29. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 0.74 and a beta of 0.26.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.13. Stride had a return on equity of 18.29% and a net margin of 9.29%. The company had revenue of $520.84 million for the quarter, compared to analyst estimates of $507.89 million. During the same quarter in the previous year, the company earned $1.30 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, analysts anticipate that Stride, Inc. will post 4.55 EPS for the current fiscal year.

Stride Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.